Shiba Inu (SHIB), the second-largest meme coin by market capitalization, has observed a large spike in traders realizing losses on Thursday, on-chain data shows, even as SHIB has rallied 30% since the August 5 low of $0.00001078.
Shiba Inu rallies 30% since August low as on-chain data points to further gains ahead Shiba Inu , the second-largest meme coin by market capitalization, has observed a large spike in traders realizing losses on Thursday, on-chain data shows, even as SHIB has rallied 30% since the August 5 low of $0.00001078. This capitulation event could be a sign of the formation of a local price bottom, increasing the chances of a further price rebound.
price is set to rally after bouncing off from key support level Dusk , a Layer 1 blockchain protocol that brings classic finance and real-world assets on-chain, is up 4.6% on Thursday and could extend gains by 18% after the coin’s price recently retested and found support around the double-bottom pattern breakout level, a key technical area. Additionally, on-chain data such as the long-to-short ratio also hints at an upcoming rally.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
1.53 Trillion SHIB in 24 Hours: Shiba Inu (SHIB) Doesn't CareShiba Inu's on-chain background doesn't look bullish
Read more »
Shiba Inu Skyrockets 588% in Whale Activity as 9 Trillion SHIB TransactedShiba Inu (SHIB) eyes explosive 588% increase in large transactions as whales make epic comeback
Read more »
Shiba Inu (SHIB) Surpasses Avalanche (AVAX) After Stunning ComebackShiba Inu (SHIB) is currently the best-performing meme coin
Read more »
Why is the Shiba Inu (SHIB) Price Down This Week?Crypto Blog
Read more »
Shiba Inu Faces 22 Billion SHIB Threat From Bankrupt BrokerUnexpected 'black swan' strikes Shiba Inu with 22 billion SHIB at risk of dump
Read more »
Shytoshi Kusama Excites SHIB Community With “Mask Off” X MessageEnigmatic SHIB leader leaves Shiba Inu army excited by his new tweet
Read more »